WDC pnl update

Looks like there is going to be some further consolidation within the industry, again, if this passes through trust issues then its great for margin and overhang.

$WDC reports tomorrow night, and it should be a very interesting call; perhaps now is the time for a p'n'l update of the trade put on last month, and as a picture is worth a thousand words;

just to put some numbers on that trade, thats a 15% return in a month and a half, where the stock position is being hedge with a index hedge...

here is a description of why; http://blackraven999.blogspot.com/2011/03/awesome-hitwdc-reaction.html
and here is a description of thoughts on the risk; http://blackraven999.blogspot.com/2011/03/wdc-risk-managing-position.html